Chevron has added support for PayPal’s Venmo P2P payments service to its Chevron and Texaco mobile apps, making it possible for drivers to share or split their fuel purchases with passengers... More
Domino’s customers in the US can now use Pie Pass, a new service that lets buyers who place their order online or via the company’s app use a dedicated express pickup system when they collect their pizza... More
Shell and Dunkin’ have launched the ‘Sip Dunkin’, Save at Shell’ scheme that rewards members of both retailers’ loyalty programmes with a 10 cents per gallon saving on their fuel purchase whenever they have bought five beverages at a Dunkin’ outlet... More
Iconic UK retailer M&S is expanding its mobile self-checkout service to 49 stores across London, following a successful pilot at six stores that saw a Mobile Pay Go transaction being made every three seconds during lunchtime trading... More
A new ticketing system is to be introduced for users of public transport in the Australian capital city of Canberra... More
Merchants can now use Apple Pay to let shoppers purchase items from directly within an augmented reality experience, using a new Custom Action feature Apple has rolled out for AR Quick Look... More
Mastercard is working with transport operators on the development of new biometric ticketing solutions that will make it possible for passengers to be automatically identified as they board a service, the payments network has revealed... More
Las Vegas restaurant Makers & Finders is the first to use a new service that lets diners scan a QR code on their printed bill to pay for their meal with Apple Pay... More
Payments made via Apple Pay now account for around 5% of global card transactions, according to research firm Bernstein — and are set to represent 10% of all card transactions by 2025... More
Global contactless transaction values will reach nearly US$6tn in 2024, up from US$2tn today, Juniper Research forecasts... More
“We had a tremendously successful launch in India from which we learnt a lot of features, and we are bringing that and we are revamping our payments products globally,” Alphabet CEO Sundar Pichai has revealed... More
‘Low KYC’ norm to help mobile wallets retain their customers — Economic Times — “In a move set to bring relief to scores of mobile wallet firms such as Paytm, PhonePe, Amazon Pay and their several million users, the Reserve Bank of India (RBI) will allow wallet service providers to continue operating their millions of non-compliant know-your-customer (KYC) accounts which earlier faced cancellation… An estimated over 200m mobile wallets ran the risk of being cancelled by the regulators, once the deadline to upgrade their non-compliant accounts to ‘full KYC’ accounts expires on February 29.”
The digitalization of payments and currency: Some issues for consideration — The Federal Reserve — “Given the dollar’s important role, it is essential that we remain on the frontier of research and policy development regarding CBDC [Central Bank Digital Currency]. Like other central banks, we are conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC. We are collaborating with other central banks as we advance our understanding of central bank digital currencies.”
7-Eleven is piloting a cashierless store concept at its US headquarters that uses technology developed in-house to let employees check in to the 700sqft store, shop and then exit — without needing to visit a physical checkout... More
Calypso Networks Association (CNA) and OSPT Alliance have begun work on the creation of a single, global open standard for transit ticketing that will leverage “the unique strengths” of both the Calypso and the Cipurse standards... More
Transportation ticketing specialist Corethree has introduced a service that enables transit operators to let passengers tap low-cost NFC tags placed on board a bus or other public transport service to activate and validate a prepaid mobile ticket... More
One in 14 people ‘no longer carry a wallet’ — Yahoo Finance — “One in 14 people say they no longer carry a wallet, a survey has found. Some 7% no longer take a wallet out and about with them, while a fifth (20%) said that if they were to look in their wallet it would not contain any cash.”
Turbulent entry into the payments market: Apple Pay requires high commission in Israel — Calcalist (translation) — “Apple representatives have begun a round of meetings with banks and credit companies to formulate agreements to begin Apple Pay’s operations in the country… Some players were surprised to find that Apple requires a fairly high fee estimated at 0.15% to 0.25% of any transaction made through Apple Pay… ‘It is disproportionate, and constitutes an exploitation of its status and power,’ says a source close to the talks between the parties.”
Continue to redefine your story with the new Storyteller Screen for Weave — Gaming Trend — “The traditional game master screen has been re-imagined with new technology to keep storytelling fresh… Scan the app with the NFC chip to load character sheets, launch new or old stories and invite new players to current sessions.”
Visa is planning the biggest changes to swipe fees in a decade — Bloomberg — “The company’s interchange rates — fees charged every time a consumer uses a card — will go up or down depending on the merchant and the way a consumer pays for their purchases, according to a document Visa sent to banks that outlines the changes. Higher rates are looming for transactions on e-commerce sites, while retailers in certain services categories, such as real estate and education, will see fees decline.”
